Updated about 7 years ago on . Most recent reply
5.75% Interest Rate ???
Please help me, new to this. My credit score around 800 ++ and got a 5.75% interest rate for 30 years fixed rate conventional loan. Is this sound good or bad? because i thought it going to be around 5%. Thank you all.
Most Popular Reply
Well from a different perspective it is basically free money. Historically we are still well below average rates. My first mortgage was 12%.
One philosophy that applies here is the availability of money is more important than the cost of money.